What are the responsibilities and job description for the Fraud Investigator position at Univest?
Overview
Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.
At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.
We're hiring a Fraud Investigator to join our Souderton based Risk Team.
Responsibilities
Review and identify fraudulent activity through fraud detection software, internal referrals, and exception reporting.
Conduct routine to complex fraud investigations across multiple payment channels.
Identify and report fraud trends to management with recommendations to mitigate vulnerability and exposure to loss.
Stay current and informed regarding industry best practices, regulatory changes and regulations impacting the banking industry and Univest.
Train, develop and mentor Univest Fraud Analysts and Junior Fraud Investigators
Develop and maintain an established directory of internal and external contacts to network and execute on actionable fraud intelligence.
Participate in fraud focus groups, task force assignments and key departmental initiatives.
Maintain detailed case files and prepare Suspicious Activity Reports
Availability to respond to fraud related emergencies.
Court appearances related to fraud cases.
Assist the Physical Security Team with access control as needed.
Additional duties as assigned
Responsible for compliance with laws and regulations that apply to this position including the Univest Code of Conduct.
Qualifications
The position requires three to five years of fraud investigation experience in the financial services industry. A bachelor’s degree in a relevant discipline is a plus.
One or more of the following industry certifications preferred: Certificated Fraud Examiner CFE, Certified Forensic Interviewer CFI, Certified Anti Money Laundering Specialist CAMS, Certified Information Systems Security Professional CISSP.
Ability to utilize systems and industry tools cross functionally to identity, investigate and mitigate fraud. Experience with Verafin Financial Crimes Management a plus.
Advanced understanding of all regulatory requirements associated with fraud investigations, such as Bank Secrecy Act, UCC, Regulation CC, Regulation E, and Gram-Leach-Bliley
Ability to multi-task while adapting to constant changes impacting the fraud industry. Ability to identify and triage fraud situations.
Strong problem solving and communication skills with the ability to act independently to direct investigations while gathering evidence relative to potential fraud and fraud losses.
Wage Range:
The salary for this position ranges from $80,000 to $85,000 annually
Benefits Overview:
Univest offer's a comprehensive benefits package that includes:
#Univest
#INDUF
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.
At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.
We're hiring a Fraud Investigator to join our Souderton based Risk Team.
Responsibilities
Review and identify fraudulent activity through fraud detection software, internal referrals, and exception reporting.
Conduct routine to complex fraud investigations across multiple payment channels.
Identify and report fraud trends to management with recommendations to mitigate vulnerability and exposure to loss.
Stay current and informed regarding industry best practices, regulatory changes and regulations impacting the banking industry and Univest.
Train, develop and mentor Univest Fraud Analysts and Junior Fraud Investigators
Develop and maintain an established directory of internal and external contacts to network and execute on actionable fraud intelligence.
Participate in fraud focus groups, task force assignments and key departmental initiatives.
Maintain detailed case files and prepare Suspicious Activity Reports
Availability to respond to fraud related emergencies.
Court appearances related to fraud cases.
Assist the Physical Security Team with access control as needed.
Additional duties as assigned
Responsible for compliance with laws and regulations that apply to this position including the Univest Code of Conduct.
Qualifications
The position requires three to five years of fraud investigation experience in the financial services industry. A bachelor’s degree in a relevant discipline is a plus.
One or more of the following industry certifications preferred: Certificated Fraud Examiner CFE, Certified Forensic Interviewer CFI, Certified Anti Money Laundering Specialist CAMS, Certified Information Systems Security Professional CISSP.
Ability to utilize systems and industry tools cross functionally to identity, investigate and mitigate fraud. Experience with Verafin Financial Crimes Management a plus.
Advanced understanding of all regulatory requirements associated with fraud investigations, such as Bank Secrecy Act, UCC, Regulation CC, Regulation E, and Gram-Leach-Bliley
Ability to multi-task while adapting to constant changes impacting the fraud industry. Ability to identify and triage fraud situations.
Strong problem solving and communication skills with the ability to act independently to direct investigations while gathering evidence relative to potential fraud and fraud losses.
Wage Range:
The salary for this position ranges from $80,000 to $85,000 annually
Benefits Overview:
Univest offer's a comprehensive benefits package that includes:
- Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
- Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
- Paid Time Off (PTO): 15 days annually (prorated your first year)
- Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
- Holiday Time Off: 11 paid holidays
- We offer company paid life insurance: as well as other supplemental insurances
- Tuition reimbursement
- Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
- Discounts: on loan products
- Professional development trainings
#Univest
#INDUF
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
Salary : $80,000 - $85,000